9-6-203. Division powers relating to property.
(1) The division may:
(a) take by purchase, grant, gift, devise, or bequest, any property, real or personal, for
any purpose appropriate to its objects; and
(b) convert property received by gift, grant, devise, or bequest and not suitable for its
uses, into other property so available or into money.
(2) The property received or converted under Subsection (1) shall be held, invested, and
managed and its proceeds used by the division for the purposes and under the conditions
prescribed in the grant or donation.
(3) If by the terms of any grant, gift, devise, or bequest, conditions are imposed that are
impracticable under the law, the grant or donation shall not fail but the conditions shall be rejected
and the intent of the grantor or donor carried out as nearly as may be.
(4) A grant, gift, devise, or bequest for the benefit of the division may not be defeated or
prejudiced by any misnomer, misdescription, or informality if the intention of the grantor or donor
can be shown or ascertained with reasonable certainty.
Renumbered and Amended by Chapter 241, 1992 General Session
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Last revised: Thursday, May 28, 2009